Easy Ways to Save Some Money **


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If the old saying holds true, then a penny saved really is a penny earned. There’s no point just stockpiling all those pennies, though, if you just leave them in a pile, doing nothing. You have to do something with them so that the money you’ve saved actually does some work for you. You could plough your savings into precious metals, for example, once you’ve accumulated a target amount. You can find out more about this by visiting Golden Eagle Coins, then put your plans into action.


However you make your savings, monitor them

Once a week you should look over what you’ve spent, what your latest account balances are and how much you’ve added to the pot. Try to get to a state of mind in which you can say what the balances in your accounts are to the nearest few dollars.


Do some meal planning

Meal planning isn’t just for the super-organised moms on the school run, it actually works! Say for example you buy a big pack of chicken thighs; you plan to make a stew with some of them on Tuesday, a mid-week barbecue on Wednesday and then a curry for the freezer. That’s three meals from one pack, including one that you can heat up when you get home instead of ordering a delivery.


Bring your own coffee to work

Yeah, it’s one of the perks of the commute, but it could be costing you $4 or $5 each day! Commit to bringing your own coffee in an insulated mug for three days each week and save $50 to $60 a month. You can have a treat on Monday mornings and Friday afternoons – you deserve them!


Have a sleep-on-it policy with purchases

If you’re a “buy it now” fiend then you need to rein in these instincts! If the item you’re buying costs more than $50, for example, then you should leave it for 48 hours before you hit the magic button. Of course, if it’s urgent or essential then this rule can be bypassed. For the non-essentials however, this cooling-off period might make you realise that these purchases are wants rather than needs.


Buy quality not quantity

Cheaper isn’t always wiser. With things like shoes and clothes, you need to think about how many times you’ll be able to use them for the price you pay. A cheap pair of shoes might let in water after a couple of months and need replacing, whereas a pair that cost twice as much will last for a couple of years. This also applies to food – cheaper meat can often contain lots of water and other fillers, so think before you hit the bargain buckets.


Buy with your head, not your heart

This is an extension of the 48-hour cooling-off period. If you know you tend to buy tat when you’re bored, lonely or angry, then find another way to work through these emotions.


Learn about finance

The more you know about finances and money, the more you’ll appreciate it and look after your resources. You might also learn about investing.


Have roadmaps, not destinations

If you’re saving for your dream holiday, don’t just tell yourself you’re saving for your dream holiday. Think about all that stages that will get you to that bank balance and that beach. How are you going to put, for example, $100 each month into your fund? Maybe your cooling-off period and your homemade coffees are the start…


**This is a collaborative post


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